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The first commercial teletype service was introduced by American Telephone and Telegraph Company (AT&T).
The FBI Scientific Crime Detection Labratory officially opened in Washington, DC. 
William A. Higinbotham and Boyce B. McDaniel are issued a US patent for a Counter Chronograph, one of the earliest digital timing systems. (US No. 2,575,759) The invention was first built in Los Alamos in
The earliest known use of the term hacking appears in an issue of The Tech, the Massachusetts Institute of Technology student newspaper. In the article, the paper reports, Many telephone services have been curtailed because of so-called hackers, according to Prof. Carlton Tucker, administrator of the Institute phone system. [..] The hackers have accomplished such things as tying up all the tie-lines between Harvard and MIT, or making long-distance calls by charging them to a local radar installation. One method involved connecting the PDP-1 computer to the phone system to search the lines until a dial tone, indicating an outside line, was found. [..] Because of the ‘hacking,’ the majority of the MIT phones are ‘trapped.’ Visit the newspaper’s official website.
SETI Institute was founded by Thomas Pierson and Dr. Jill Tarter. SETI is the search for extraterrestrial intelligence
Microsoft releases the 16-bit graphical operating environment Windows 1.0 in four versions: 1.01, 1.02, 1.03 and 1.04. Version 1.02 was the first multi-lingual version and had editions in several European languages. 1.03 was, unlike 1.02, only released in a US version, however it included drivers for European keyboards and additional screen and printer drivers. 1.04 introduced support for the new VGA graphics standard. The system offers limited multitasking for MS-DOS programs, and it is widely regarded as a front-end to the MS-DOS operating system. It will be adopted very slowly, due to a lack of a killer ap. Price: US$99.99
AOL Studios acquires Extreme Fans, Inc.
Intel introduces the Pentium 4 processor, at speeds of 1.4 and 1.5GHz, featuring a 8KB Level-1 cache, a 12KB Level-1 instruction cache, a 256KB Level-2 cache, and a 400MHz system bus. The processors includes MMX and SSE instructions, and add 144 new multimedia instructions, Streaming SIMD Extensions 2 (SSE2). The processor incorporates 42 million transistors in a 0.18-micron process. Several major computer manufacturers release desktop computers based on the new processors, including Dell Computer, Compaq Computer, Gateway, and IBM. Code-name: Willamette Prices: US$819 and US$644 respectively,
Yahoo! launches Yahoo! ShoppingVision.
In accordance with the joint case brought by Buma/Stemra, the Dutch organization for the defense of copyright, and by the Dutch wing of the International Federation of the Phonographic Industry (IFPI), the Court of Amsterdam sentences KaZaA to close down within two weeks or suffer a penalty of US$40,000 dollars for each day of disobedience. However, in December, KaZaA will ignore the order of the Court.
Intel releases 2.1 and 2.2 GHz Celeron processors, featuring 128KB Level-2 caches and 400MHz system buses. Price: US$89 and US$103 respectively, Klez.H, a variant of the worm discovered in November 2001, becomes the largest malware outbreak in terms of machines infected, but it will cause little monetary damage.
Attorney General John Ashcroft announces the arrest or conviction of more than one hundred twenty-five individuals and the return of over seventy indictments in a coordinated global operation dubbed Operation Cyber Sweep, which was designed to crack down on the leading types of online economic crime, including credit card fraud, hacking, software piracy, and the sale of stolen goods over the Internet.
Version 1.0 of the MercuryBoard bulletin board system is released.
NASA launches the robotic satellite Swift, to investigate gamma ray bursts.
Sony extends their music library to the PSP
Flickr Launches “Places”
Yahoo hits it’s lowest stock price. Closed at $8.95 per share. The next day, the company started to rebound and rebuild. Believe it or not, after this point, the company has been growing.
Intel CEO Paul Otellini announces he will be retiring in May 2013
US startup Taskrabbit opens its first office in London.
AOL announced Winamp will be shutting down their service on December 21. However, the site remained up with rumors of buyers on the table.
Instagram app comes to the Windows phone.
eBay debuts a shop-able touchscreen and digital storefront for Sony.